Crude Oil Inventories Unexpectedly Increase
Crude oil inventories rose by 7.36 million barrels, exceeding analyst forecasts of a 120,000-barrel build, and contributing to a bearish market outlook.
This increase, alongside record US production and IEA warnings of a global supply overhang, has spooked traders.
The American Petroleum Institute (API) reported the large inventory build for the week ending October 10.
Analysts had forecast a much smaller 120,000-barrel build for the week.
Author's summary: Crude oil inventories unexpectedly increased by 7.36 million barrels.
- Record US production
- IEA warnings of a global supply overhang
More News
- Creator Dolly Singh Shines As India’s Instagram 2025 Rings Award Winner!
- “Brewers Karen” Loses Her Job After She Was Caught On Video Saying “Let’s Call ICE” On An American War Veteran At NLCS Game
- They got drafted to MLS. Now they are back and surging.
- Payroll-delivered emergency savings accounts solution to financial stress
- 'Most pristine' star ever seen discovered at the Milky Way's edge — and could be a direct descendant of the universe's first stars
- Brazil Study Promotes Closed Fermentation to Boost Quality of Unripe Coffees
- Netherlands faces €5bn loss over international student limits
- Jennifer Lopez Claims Brett Goldstein Is the Best Kisser
- SGA passes bill regulating, restructuring ‘inactive’ Student Court
- New Music Friday: 15 new releases for a mid-October weekend (17 Oct 2025)